Fascinating article on the state of audit in the UK. Smaller firms are at a distinct disadvantage and struggling to cope with their existing compliance work due to several factors, a chief one being a skills shortage. Other pressures on smaller firms include an M&A market heating up and the quality of audit falling below regulators' expectations. Dealing with the blowback from Brexit and the complexity of working from home are additional headaches. 2022 is set to be a whirlwind year for smaller accounting businesses. What are you doing to overcome these challenges?

Posted by Accountants' Club at 2022-03-04 10:56:31 UTC